Gold prices inched higher Friday, lifted by declines in stocks and U.S. Treasury yields after data showed U.S. consumer prices fell in December and wages rose.

Front-month gold for January delivery inched up 0.2% to $1,287.10 a troy ounce on the Comex division of the New York Mercantile Exchange. Prices are near their highest level since June, lifted by a weaker dollar that has made gold cheaper for overseas buyers and market turbulence that has pushed some investors toward the haven asset.